Truth in Advocacy

The first Casualty of War has always been Truth (really original this morning, aren’t I). I will give the first Rule of Statistics: never use any Numbers which disagree with your position. One does not want to create any confusion in Those listening to you. I have enjoyed an excellent grounding in Statistics, and always use casual boundaries to express direction, such as ‘People are still being shot at in Iraq, and fairly frequently’. Pressed for Detail, I might reiterate that most of Iraq is slightly more dangerous than Central Park after Dark. One could also suggest that Iraq suffers from Serial Killers with an Incidence some 70,000% greater than the United States. Such general use of Statistics allows the Reader to understand the progression of events being studied.

Mark Perry and the FDIC provide serious help in understanding the Credit Crisis in the Country today. The greatest problem coming from the Credit Crunch may be that Bank Officers may not get the level of Bonuses to which they have become accustomed, and Bank liquidity may not inflate the Stock Market as a consequence. Hedge Funds are decidedly worried, as Investors wonder if they should pay the extreme Charges demanded from the Funds. I would not assert that the Crisis does not exist, but would suggest that Bankers are most concerned about covering their own ass, rather than worrying about the state of the economy. The greatest Point to remember about the Housing market is that House pricing may hold an average Price equal to what was found somewhere in the last five years.

The New Economist has expectations that Robert Reich should entertain real Solutions for the problems afflicting the current World economy. What is the real source of the Problems? There are too many People, consuming far too much, and in a manner which is extremely Resource-consumptive. Will Capitalism ever fix the Problem? No, but will Welfare or Government Regulation do any better job? The Answer is again No! I will suggest that it will require a fundamental failure with massive human suffering, to redirect human civilization to a sustainable economic platform. Do I sound excessively cruel? I could say that I hope the crippled World will crimp along for as long as possible; hopefully, until after my own demise. lgl